Business

New Delhi, Jun 6 (PTI) A Chinese delegation, led by a member of the Political Bureau of the CPC Central Committee and comprising officials of the Chinese Embassy here, met Congress president Rahul Gandhi and UPA chairperson Sonia Gandhi on Thursday and held discussions on the ties between India and China.

The delegation called on the two Congress leaders at Sonia Gandhi's 10, Janpath residence here. Senior Congress leader Anand Sharma was also present on the occasion.

BEIJING, June 6 (Xinhua) -- China-U.S. trade has been mutually beneficial, and the United States has reaped substantial benefits from bilateral economic and trade cooperation, China's Ministry of Commerce said Thursday in a research report.

ST. PETERSBURG, June 7. /TASS/: Russia and Germany have signed a declaration on bilateral initiative ‘Partnership for efficiency’, TASS correspondent reports from the signing ceremony.

The document was inked by Russia’s Economic Development Minister Maksim Oreshkin and Germany’s Minister for Economic Affairs and Energy Peter Altmaier at the St. Petersburg International Economic Forum on Friday.

UNITED NATIONS, June 6 (APP): The World Bank has lowered its expectations of global economic growth for this year in a new report, saying that, although the picture for poorer countries is expected to stabilize in 2020, economic momentum remains weak.

The risks to emerging and developing economies include rising trade barriers, slow investment, and economic slowdowns in richer countries.

“Stronger economic growth is essential to reducing poverty and improving living standards,” said World Bank Group President, David Malpass, in a statement released in Washington.

TOKYO (AP) — Japan is calling for further efforts to cut carbon emissions by promoting renewables but also nuclear energy despite the 2011 Fukushima reactors meltdowns.

The energy white paper, adopted by the Cabinet Friday, says Japan faces an “urgent task” of reducing carbon emissions coming from utilities that have relied heavily on fossil fuels to make up for shortages of cleaner nuclear energy. The call comes as the Fukushima nuclear reactors are slowly being restarted amid lingering anti-nuclear sentiments since the 2011 crisis.

EL ARENAL, Mexico (AP) — After decades of building a domestic market for Tequila Cascahuín, Salvador Rosales readied the family business for a plunge into the U.S. export market this year. He made sure he had a stable supply of high-quality blue agave, the succulent whose juice is distilled into tequila, so that once they planted their flag, they wouldn’t disappoint.

MEXICO CITY (AP) — Mexico’s president said Thursday he will hold a “unity” rally on the border in Tijuana two days before the U.S. is set to impose tariffs on all Mexican imports.

President Andrés Manuel López Obrador announced that a demonstration will be held Saturday to defend Mexico’s “dignity” amid a looming threat from U.S. President Donald Trump, who has pledged to impose 5% tariffs on Mexican products unless the country prevents Central American migrants from traveling through its territory.

WASHINGTON (AP) — Former New York City Mayor Michael Bloomberg is plunging $500 million into an effort to close all of the nation’s remaining coal plants by 2030 and put the United States on track toward a 100% clean energy economy.

TOKYO (AP) — Asian shares were mostly higher Friday on investor optimism about a possible trade deal between the U.S. and Mexico before tariffs take effect.

Japan’s Nikkei 225 gained nearly 0.4% to 20,850.24 in morning trading, while Australia’s S&P/ASX 200 rose 0.5% to 6,416.50. South Korea’s Kospi was little changed but inched up less than 0.1% to 2,069.75. Hong Kong’s Hang Seng added nearly 0.3% to 26,965.28, while the Shanghai Composite lost 1.2% to 26,965.28.

CAEN, France (AP) — The D-Day commemoration was an occasion for France to showcase its long friendship with the United States, but U.S. President Donald Trump and French President Emmanuel Macron nevertheless acknowledged their differences on key world issues when they met Thursday.